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Who is the most profitable trader on Forex Factory?

  • #61
  • Nov 25, 2016 3:51am Nov 25, 2016 3:51am
Quoting diavolul
{quote} Define long term, please!
I define long term as the length of time necessary for an account crash to occur, or to return all the profits to the market.
For some, it takes 2 days i.e. the many
For others - i.e. the very few (probably none) - it may take years
This also includes "churning" (trading but never showing a profit)
  • #62
  • Nov 25, 2016 8:35am Nov 25, 2016 8:35am
There are many traders who are successful in Forex Trading, and we cannot say that who is the most profitable trader as they changes from time to time.
  • #63
  • Nov 25, 2016 9:29am Nov 25, 2016 9:29am
I don't know who is the most profitable trader on FF, but I have been trading with a group (closed to new members) now for many years (currently there are over 100 members). Everyone in the group is profitable, and we know this because to remain a member, you have to report your profitability every year. Just a guess, but I'd be surprised if the average return was less than 100% per month, and most much higher than that. That kind of performance is not the best in the forex I'm sure, but it is what we've achieved as a group. We don't meet regularly for coffee (I wish), but we meet every day over an Internet discussion room, sometime several time a day. I'd recommend that some of you try to band together to work out your trading issues. Just a thought and best wishes to you all.
  • #64
  • Nov 25, 2016 2:05pm Nov 25, 2016 2:05pm
Quoting GEfx
I don't know who is the most profitable trader on FF, but I have been trading with a group (closed to new members) now for many years (currently there are over 100 members). Everyone in the group is profitable, and we know this because to remain a member, you have to report your profitability every year. Just a guess, but I'd be surprised if the average return was less than 100% per month, and most much higher than that. That kind of performance is not the best in the forex I'm sure, but it is what we've achieved as a group. We don't meet regularly...
there are only 3 possibillities. you dont know what you say, you have an error inside your text (100 % per month!!!) or you try to cheat some people.
if 100 people have 100% per month in average, lets do the simple math. 100 people with each trading 10000 ( and 10000 is very low for your big words) is 1 million equity. doing 100% each month is in 1 year 4 billion. in 2 years over 16000 billion. so your group was after 2 years the most earning people in the world. my respect.

are you really sure about this, that all of your people inside the group are the most rich people from the world??
  • #65
  • Nov 25, 2016 2:48pm Nov 25, 2016 2:48pm
Quoting GEfx
I don't know who is the most profitable trader on FF, but I have been trading with a group (closed to new members) now for many years (currently there are over 100 members). Everyone in the group is profitable, and we know this because to remain a member, you have to report your profitability every year. Just a guess, but I'd be surprised if the average return was less than 100% per month, and most much higher than that. That kind of performance is not the best in the forex I'm sure, but it is what we've achieved as a group. We don't meet regularly...
"I'd be surprised if the average return was less than 100% per month,"

Good grief
  • #66
  • Nov 25, 2016 10:24pm Nov 25, 2016 10:24pm
there is very few traders who I can say are legit going from zero to millions in retail trading

one example is japanese trader CIS

http://www.bloomberg.com/news/articl...ade-34-million

He gives me hope in all the sea of scammers that it is possible although very unlikely
  • #67
  • Nov 25, 2016 11:52pm Nov 25, 2016 11:52pm
Quoting GEfx
I don't know who is the most profitable trader on FF, but I have been trading with a group (closed to new members) now for many years (currently there are over 100 members). Everyone in the group is profitable, and we know this because to remain a member, you have to report your profitability every year. Just a guess, but I'd be surprised if the average return was less than 100% per month, and most much higher than that. That kind of performance is not the best in the forex I'm sure, but it is what we've achieved as a group. We don't meet regularly...
Wow! I'm impressed. Can I start with a humble $100 and you trade my account and we split in the middle after 12 months, we both get to reap a cool $200K, deal ?
  • #68
  • Nov 25, 2016 11:55pm Nov 25, 2016 11:55pm
Quoting Mingary
{quote} "I'd be surprised if the average return was less than 100% per month," Good grief
Delusion trend has "broken out" to new heights with GEfx.
  • #69
  • Nov 26, 2016 10:36am Nov 26, 2016 10:36am
I would be very weary of any trading statistics with extremely high profit factor, high being > 2 .

If you have over 500 trades spread out relatively evenly over a period of say 3 yrs, with small variance in position-size among the trades, and have a profit factor > 1.5, you are doing extremely well , > 2 makes you an exceptionally phenomenal trader.

myfxbook accounts are great to analyze performance, but they can certainly be manipulated.
  • #70
  • Nov 26, 2016 11:01am Nov 26, 2016 11:01am
Quoting whateveridon
{quote} You are wrong because i am a trader and I measure my gains by % return of my account.
AND THATS HOW all professional traders measure their success by % gains in their live accounts (thats how they get paid too a percentage of the profit)
  • #71
  • Nov 26, 2016 11:04am Nov 26, 2016 11:04am
Quoting MoneyD
I would be very weary of any trading statistics with extremely
Quoting MoneyD
high profit factor, high being > 2 . If you have over 500 trades spread out relatively evenly over a period of say 3 yrs, with small variance in position-size among the trades, and have a profit factor > 1.5, you are doing extremely well , > 2 makes you an exceptionally phenomenal trader. myfxbook accounts are...
Myfxbook has two security verification methods:

1) Track Record
2) Trading Privileges

without them being verified - there is no guarantee that those accounts are even real.

I am using them for a long time and I am absolutely sure that cannot beat them easily, at least the second security verification method - the trading privileges cannot be fake.

Attached Image (click to enlarge)
Click to Enlarge Name: myfxbook.png Size: 80 KB
  • #72
  • Nov 26, 2016 11:46am Nov 26, 2016 11:46am
Quoting skyway
{quote} Delusion trend has "broken out" to new heights with GEfx.
While your jaws are on the floor, we average 425 pips per week, too. Several traders in the group will capture 3500-4000 pips per month. If you 2 kids can't figure out how to trade, then maybe find another line of work. I've been posting my trading approach in my FF journal for a few years now. Nothing to hide here, friends.
  • #73
  • Nov 26, 2016 12:07pm Nov 26, 2016 12:07pm
Quoting diavolul
{quote}{quote} Myfxbook has two security verification methods: 1) Track Record 2) Trading Privileges without them being verified - there is no guarantee that those accounts are even real. I am using them for a long time and I am absolutely sure that cannot beat them easily, at least the second security verification method - the trading privileges cannot be fake. {image}
Even with those green ticks on Track record and Trading privileges there are several other ways that myfxbook trade records could be manipulated, just google it. I am not saying all myfxbook accounts are fake, I am a big fan myself and it is a great way to analyze results, but as is the nature of the beast (fx trading business) there are many tricks in the arsenal of a determined entity to pull the wool over unsuspecting eyes, just saying be careful that's all.

Quoting GEfx
{quote} While your jaws are on the floor, we average 425 pips per week, too. Several traders in the group will capture 3500-4000 pips per month. If you 2 kids can't figure out how to trade, then maybe find another line of work. I've been posting my trading approach in my FF journal for a few years now. Nothing to hide here, friends.
Are those USD/MXN pips or EUR/GBP pips ?
  • #74
  • Nov 26, 2016 1:42pm Nov 26, 2016 1:42pm
Quoting MoneyD
{quote} Even with those green ticks on Track record and Trading privileges there are several other ways that myfxbook trade records could be manipulated, just google it. I am not saying all myfxbook accounts are fake, I am a big fan myself and it is a great way to analyze results, but as is the nature of the beast (fx trading business) there are many tricks in the arsenal of a determined entity to pull the wool over unsuspecting eyes, just saying be careful that's all. {quote} Are those USD/MXN pips or EUR/GBP pips ?
They are GBP/USD, USD/JPY, EUR/JPY, GBP/JPY, NZD/USD, AUD/USD, GBP/AUD, EUR/AUD, and AUD/JPY pips. And that is a fair question...lol.
  • #75
  • Nov 26, 2016 2:05pm Nov 26, 2016 2:05pm
Quoting GEfx
{quote} While your jaws are on the floor, we average 425 pips per week, too. Several traders in the group will capture 3500-4000 pips per month. If you 2 kids can't figure out how to trade, then maybe find another line of work. I've been posting my trading approach in my FF journal for a few years now. Nothing to hide here, friends.
Certainly those pips are possible in successful trading. these fellows have not discovered how yet.?

I believe you, however the 100% does sound a lot, is it impossible? no , with a differentiating risk appetite portioning of one's account, it is possible.

And in a sensible way, not a reckless approach.
It's in fear when people show what they truly value.
  • #76
  • Nov 26, 2016 4:33pm Nov 26, 2016 4:33pm
Quoting rmrf
{quote} AND THATS HOW all professional traders measure their success by % gains in their live accounts (thats how they get paid too a percentage of the profit)
OK.
  • #77
  • Nov 26, 2016 7:13pm Nov 26, 2016 7:13pm
Quoting MoneyD
{quote} Even with those green ticks on Track record and Trading privileges there are several other ways that myfxbook trade records could be manipulated, just google it. I am not saying all myfxbook accounts are fake, I am a big fan myself and it is a great way to analyze results, but as is the nature of the beast (fx trading business) there are many tricks in the arsenal of a determined entity to pull the wool over unsuspecting eyes, just saying be careful that's all. {quote} Are those USD/MXN pips or EUR/GBP pips ?
Can you name some then? I hear a lot of accusations but as far as I'm aware that's only possible way is from the broker's end.
  • #78
  • Nov 26, 2016 9:17pm Nov 26, 2016 9:17pm
Quoting ensale
{quote} Certainly those pips are possible in successful trading. these fellows have not discovered how yet.? I believe you, however the 100% does sound a lot, is it impossible? no , with a differentiating risk appetite portioning of one's account, it is possible. And in a sensible way, not a reckless approach.
Let me give you the facts that GEfx posted.

425pips per week results in more than 100% per month and for his group of 100 traders not achieving that will surprise him.

There are several traders in his group that clock 3500-4000pips per month for 1000% per month.

Why are we all not handing our accounts over to GEfx to trade for us ?

GEfx, I believe you I seriously do so convinced that I made the offer BUT you have yet to accept my offer ?

Btw I will need proof before I invest a single dime, you know the drill.
  • #79
  • Nov 26, 2016 9:27pm Nov 26, 2016 9:27pm
Quoting skyway
{quote} Let me give you the facts that GEfx posted. 425pips per week results in more than 100% per month and for his group of 100 traders not achieving that will surprise him. There are several traders in his group that clock 3500-4000pips per month for 1000% per month. Why are we all not handing our accounts over to GEfx to trade for us ? GEfx, I believe you I seriously do so convinced that I made the offer BUT you have yet to accept my offer ?
Of course, I assumed you were joking. But, no I'm not allowed to trade with other peoples money. It's against the law. At least in the USA. I have several good friends who got their Series 7, and started their own trading businesses. They all ended in disaster due to accounting and regulatory issues. I have a good friend who started a brokerage business about 12 years ago, and it did not end well for him, either. There is a big difference between running a trading business with other peoples money, and being a trader.

As for pip count and trading performance, please review my journal for information on how I trade, and you will have an idea how the entire group trades. I think that is all I will say about the group. And yes, some of these guys are monster traders. They work their butts off for months at a time, then vacation for a few months to recover. I am amazed at their ability to work with no sleep.

Good trading everyone!
  • #80
  • Nov 27, 2016 2:55am Nov 27, 2016 2:55am
Quoting GEfx
I don't know who is the most profitable trader on FF, but I have been trading with a group (closed to new members) now for many years (currently there are over 100 members). Everyone in the group is profitable, and we know this because to remain a member, you have to report your profitability every year. Just a guess, but I'd be surprised if the average return was less than 100% per month, and most much higher than that. That kind of performance is not the best in the forex I'm sure, but it is what we've achieved as a group. We don't meet regularly...
Frst of all, clarify what do you mean exactly: on average 100% per month without compounding (=1200% per year) or with compounding (=300000% per year)?
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